Lending

Credit unions running on the Summit Information Systems core processing platform now can deploy a seamless interface with the CUDL indirect lending and point-of-sale system.

MADISON, Wis. -- If the current trend of stronger deposit inflows and receding loan demand continues, credit unions may need to get more "aggressive" in investment management especially if lending spreads further erode.

MADISON, Wis. -- Credit unions that rode the indirect lending wave a few years ago are likely seeing membership growth shift from that phase to deposit relationships.

WASHINGTON, D.C. -- Countrywide Financial, the nation's largest mortgage lender and a major partner in the credit union mortgage arena, has tapped its $11.5 billion credit limit to ensure its funding liquidity. The $11.5 billion is provided by 40 of the world's largest banks. Housing starts have dropped back to...

WASHINGTON, D.C. -- Countrywide Financial, the nation's largest mortgage lender and a major partner in the credit union mortgage arena, has tapped its $11.5 billion credit limit to ensure its funding liquidity. The $11.5 billion is provided by 40 of the world's largest banks. Housing starts have dropped back to...

WASHINGTON -- In a joint release and submission to the Federal Register the five federal financial regulators issued what they called "illustrations" that are meant to help financial institutions better serve consumers seeking subprime and adjustable rate mortgages.